Mirae Asset Securities is set to enter the Japanese securities market by acquiring Sanko Securities, investing 100.6 billion won (approximately 120 million yen) in the process. The company plans to target the local retail market and is expected to begin operations aimed at Japanese consumers as early as next year.
On October 29, Mirae Asset Securities announced that it has signed a stock purchase agreement (SPA) through its U.S. subsidiary, US Holdings, to acquire 100% of Sanko Securities from the Okasan Securities Group. Of the total investment, approximately 47.6 billion won will be used for the acquisition of Sanko Securities shares, while the remaining 53 billion won will be allocated to expand operations in Japan after the transaction is completed.
Sanko Securities, located in Chuo Ward, Tokyo, specializes in proprietary trading, which involves trading financial products using the firm's own capital. After transferring its retail business to another company within the group in May, Sanko Securities has focused on proprietary trading. As of March 2026, Sanko Securities reported net assets of approximately 4.6 billion yen and a net profit of 48 million yen.
Upon completion of the acquisition, Mirae Asset Securities will take over Sanko Securities' existing operations and workforce. The company plans to maintain employment for staff in the proprietary trading division while expanding its organization. It will also inherit the registration necessary to conduct stock and bond trading and underwriting in Japan, effectively securing a local operational base, workforce, and licenses through this acquisition.
In the medium to long term, Mirae Asset Securities aims to expand into the retail business. The company plans to follow the necessary legal procedures and reorganize its structure and operations before broadening its business scope. Japan has systems in place to support asset formation, such as the NISA (Nippon Individual Savings Account) program. Mirae Asset Securities intends to explore new business opportunities once it establishes a local foundation.
The company has also left open the possibility of collaboration with the seller, Okasan Securities Group. Both parties plan to discuss potential cooperation in product and service areas, although specific details have yet to be finalized.
This acquisition is expected to further expand Mirae Asset Securities' international operations. This marks the second acquisition of a foreign securities firm for Mirae Asset Securities, following its purchase of the Indian securities firm Share Khan in 2024. The company had also considered acquiring the U.S. online investment platform Public.com in August.
A representative from Mirae Asset Securities stated, "The signing of this SPA is a significant step in securing a local business foundation in Japan and expanding our global operations. We will prepare our business in accordance with local market conditions and regulations, while reinforcing Sanko Securities' existing operations and pursuing retail business in the medium to long term."
* This article has been translated by AI.
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